10.24 Bitcoin and Ethereum trend analysis and operational ideas!

CN
15 hours ago

The daily level Bitcoin has shown the expected rebound. After testing the support level of 108,000-106,000 and confirming its validity, it will inevitably maintain a range-bound operation to test the upper resistance level. Currently, it has broken through the short-term resistance of 109,500-110,500. As mentioned before, only a breakout above 110,500 or a breakdown below 106,000 will open up the operational space. Yesterday's closing was still below the resistance level, and the current situation remains uncertain. The resistance level is tentatively set at 112,500. The Ethereum daily level is similar, showing the expected rebound. After effectively testing the support level of 3,750, it has returned to the resistance level near 3,980 for testing. A breakout would target 4,080, and similarly, only a breakout above 4,270 or a breakdown below 3,750 will open up the operational space.

Looking at the 4-hour level, Bitcoin is gradually moving up from a low position, with short-term resistance at 111,500. A breakout would target around 113,000, with support converting to 110,500. Ethereum's 4-hour chart has formed a downward spike and has broken through the short-term resistance level of 3,880-3,900. Currently, it is under pressure at 3,980-4,080, and in the short term, it will still maintain a range-bound operation.

The long positions in Bitcoin and Ethereum laid out yesterday have also successfully followed the expected trend! The current market trend is strong, and it may be worth trying to continue buying on dips!

Aggressive short-term trading strategy:

Buy Bitcoin at 110,000-110,500, target 111,500-113,000, with a stop loss below 109,000;

Buy Ethereum at 3,900-3,930, target 3,980-4,080, with a stop loss below 3,850;

The strategy is time-sensitive, please refer to the main page for details, and prioritize private real-time guidance!

Professional team gold medal analyst Ruo Yu focuses on contract trading guidance. Follow the WeChat public account "Coin Circle Ruo Yu" to understand real-time market analysis and trading strategies!

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